Offshore investment in Cayman Islands


> Board issued nine directives to bring back US$2.318bil, but no action was taken by management.

On Sept 12, 2012, 1MDB swapped its 49% stake in PetroSaudi Oil Services Ltd (PSOSL) for six promissory notes amounting to US$2.318bil from Bridge Partners, a fund management company based in Hong Kong.

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